The Coin Group points to quote in stock market Ovs "probably in the second half of the year, will depend on market conditions", with the spin off by September. The said Group Managing Director Stefano Beraldo Coin during the presentation of the nuovoflagship store in via Dante, yesterday in Milan. "We have given mandate to Lazard – added to – and started a feasibility evaluation of quotation".
As explained by Beraldo on the sidelines of the Conference, the operation you should translate into an Ops, takeover bid without subscription, and sale of shares from shareholders. The choice of return in the stock market (in 2011 there was the delisting of Coin following the launch of a takeover bid) presumably to lighten the financial position of the group which is headed by Ovs, which continues to confront the strong exposure on the difficult Italian market.
In recent years, the counts of Ovs have given strong support to the Venetian, with "strong numbers bucking – said Beraldo – with an exercise that is doing +6% compared to the previous year, and a growth forecast for the end of 2014. The Ipo, then, will happen after separating from Coin of Ovs, which outlets are also absorbing Upim (has not been decided how the debt will be allocated between the two entities). "Quoteremo the entire group – stated the AD – but what we believe Ovs more recognizable and teaches that it is becoming brand, which today is on the 95% of Group earnings and 70% of sales".
The brand last year recorded net sales amounting to 953 million with an ebitda of around 136 million and now has 725 stores (between direct and franchise) in Italy and abroad, which will add 80 Italian and 40 openings across the border in 2014 (between shops and corner).
Stay up to date on the world of Manichini Store and.. Don't worry, we hate spam too
0
0
